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CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Interest and dividend income    
Loans, including fees $ 102,381 $ 75,960
Securities 5,144 4,495
Overnight deposits 4,154 2,484
Other interest and dividends 656 324
Total interest income 112,335 83,263
Interest expense    
Deposits 46,886 22,373
Borrowed funds 5,361 2,026
Trust preferred securities 379 330
Total interest expense 52,626 24,729
Net interest income 59,709 58,534
Provision for credit losses 528 646
Net interest income after provision for credit losses 59,181 57,888
Non-interest income    
Non-interest income 7,027 6,948
Other income 1,072 668
Total non-interest income 7,004 6,974
Non-interest expense    
Compensation and benefits 19,827 16,255
Bank premises and equipment 2,343 2,344
Professional fees 5,972 4,187
Technology costs 3,011 1,313
Licensing fees 3,276 2,662
FDIC assessments 2,925 2,814
Regulatory settlement reserve   (2,500)
Other expenses 4,546 3,950
Total non-interest expense 41,900 31,025
Net income before income tax expense 24,285 33,837
Income tax expense 8,082 8,761
Net income $ 16,203 $ 25,076
Earnings per common share    
Basic earnings (in dollars per share) $ 1.46 $ 2.26
Diluted earnings (in dollars per share) $ 1.46 $ 2.25
Service charges on deposit accounts    
Non-interest income    
Non-interest income $ 1,863 $ 1,456
Revenue, Product and Service [Extensible List] Service charges on deposit accounts Service charges on deposit accounts
Global Payments Group revenue    
Non-interest income    
Non-interest income $ 4,069 $ 4,850
Revenue, Product and Service [Extensible List] Global Payments Group revenue Global Payments Group revenue